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A bottle of Johnson's Baby Powder is seen in a photo illustration taken in...

J&J ordered to pay millions in talc-powder trial

NEW YORK - A jury ordered Johnson & Johnson to pay $55 million to a woman who said that using the company’s talc-powder products caused her to develop ovarian cancer. J&J is facing approximately 1,200 similar lawsuits.

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Puerto Rico government bank misses payment, talking with creditors

SAN JUAN/NEW YORK Puerto Rico's Government Development Bank, the main funding source for the U.S. commonwealth's public agencies, said it reached a tentative restructuring deal with some major creditors hours after declaring it would skip a $422 million debt payment.

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Ackman defends Valeant, hints at more changes

BOSTON/NEW YORK Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals , ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future.

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